As of the end of March 2023, Bajaj Allianz Life Insurance Company Ltd. had the highest solvency ratio of **** percent. Whereas, Life Insurance Corporation of India had a solvency ratio of **** percent. A higher solvency ratio indicates that the insurer is more likely to pay claims and manage financial costs. The solvency ratio factors in net income, depreciation, and liabilities of the insurer.
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IRDA (India). (December 26, 2023). Solvency ratio of life insurers in India as of March 2023 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 03, 2026, from /statistics/1414024/india-solvency-ratio-of-life-insurers/
IRDA (India). "Solvency ratio of life insurers in India as of March 2023." Chart. December 26, 2023. ÌÇÐÄÆƽâ°æ. Accessed August 03, 2026. /statistics/1414024/india-solvency-ratio-of-life-insurers/
IRDA (India). (2023). Solvency ratio of life insurers in India as of March 2023. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 03, 2026. /statistics/1414024/india-solvency-ratio-of-life-insurers/
IRDA (India). "Solvency Ratio of Life Insurers in India as of March 2023." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 26 Dec 2023, /statistics/1414024/india-solvency-ratio-of-life-insurers/
IRDA (India), Solvency ratio of life insurers in India as of March 2023 ÌÇÐÄÆƽâ°æ, /statistics/1414024/india-solvency-ratio-of-life-insurers/ (last visited August 03, 2026)
Solvency ratio of life insurers in India as of March 2023 [Graph], IRDA (India), December 26, 2023. [Online]. Available: /statistics/1414024/india-solvency-ratio-of-life-insurers/
